Laser Photonics Corp 2024年度报告

FORM10-K ☒ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE FISCAL YEAR ENDEDDECEMBER 31,2024OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM __________ TO __________ COMMISSION FILE NUMBER001-41515 Laser Photonics Corporation(Exact name of registrant as specified in its charter) Delaware84-3628771State or other jurisdiction ofIncorporation or OrganizationI.R.S. EmployerIdentification No. COMMON STOCK, $0.001 PAR VALUE Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes☐No☒ Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes☐No☒ Indicate by check mark whether the registrant (1) has filed all reports required to be filed be Section 13 or 15(d) of the Securities Exchange Actof 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subjectto such filing requirements for the past 90 days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive DataFile required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (orfor such shorter period that the registrant was required to submit and post such files).Yes☒No☐ Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K (Section 229.405 of this chapter) is notcontained herein, and will not be contained, to the best of registrant’s knowledge, in definitive proxy or information statements incorporated byreference in Part III of this Form 10-K or any amendment to this Form 10-K.☐ If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrantincluded in the filing reflect the correction of an error to previously issued financial statements.☐ Indicate by check mark whether the registrant is a large, accelerated filer, an accelerated filer, a non-accelerated filer, smaller reportingcompany, or an emerging growth company. See the definitions of “large, accelerated filer,” “accelerated filer,” “smaller reporting company,”and “emerging growth company” in Rule 12b-2 of the Exchange Act. If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complyingwith any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐No☒. As of December 31, 2024, and as of the date this Form 10-K is filed with the Securities and Exchange Commission, the Registrant’s commonstock is trading on the NASDAQ under the ticker symbol “LASE”.As of June 18, 2025, there were14,276,150shares of the registrant’s Common Stock outstanding. FORWARD LOOKING STATEMENTS The Private Securities Litigation Reform Act of 1995 provides a “safe harbor” for forward-looking statements, which are identified by thewords “believe,” “expect,” “anticipate,” “intend,” “plan” and similar expressions. The statements contained herein which are not based onhistorical facts are forward-looking statements that involve known and unknown risks and uncertainties that could significantly affect our actualresults, performance or achievements in the future and, accordingly, such actual results, performance or achievements may materially differfrom those expressed or implied in any forward-looking statements made by or on our behalf. These risks and uncertainties include, but are notlimited to, risks associated with our ability to successfully develop and protect our intellectual property, our ability to raise additional capital tofund future operations and compliance with applicable laws and changes in such laws and the administration of such laws. These risks aredescribed below and in “Item 1. Business,” Item 1A “Risk Factors,” “Item 7. Management’s Discussion and Analysis of Financial Conditionand Results of Operations,” and “Item 7A. Quantitative and Qualitative Disclosures About Market Risk” included in this Form 10-K. Readersare cautioned not to place undue reliance on these forward-looking statements which speak only as of the date the statements were made. TABLE OF CONTENT ITEM 1.BUSINESS4ITEM 1A.RISK FACTORS14ITEM 1B.UNRESOLVED STAFF COMMENTS34ITEM 1C.CYBERSECURITY35ITEM 2.PROPERTIES36ITEM 3.LEGAL PROCEEDINGS36ITEM 4.MINE SAFETYDISCLOSURES36 ITEM 5.MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUERPURCHASES OF EQUITYSECURITIES37ITEM 6.SELECTED FINANCIAL DATA38ITEM 7.MANAGEMENT’SDISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESUL